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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 308B.435: ACT OF BOARD OF DIRECTORS.

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Where this section sits in the code
  1. BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
  2. CHAPTER 308B. COOPERATIVE ASSOCIATIONS ACT
  3. BOARD OF DIRECTORS

The board shall take action by the affirmative vote of the greater of (1) a majority of directors present at a duly held meeting at the time the action is taken, or (2) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting, except where this chapter, the articles, or bylaws require the affirmative vote of a larger proportion or number. If the articles or bylaws require a larger proportion or number than is required by this chapter for a particular action, the articles or bylaws control.

Collected 2026-09-02T22:10:41Z. Source file · JSON

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